Mark Goines Sells 50,000 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the completion of the transaction, the director now owns 76,272 shares of the company’s stock, valued at approximately $3,104,270.40. The trade was a 39.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mark Goines also recently made the following trade(s):

• On Monday, November 25th, Mark Goines sold 10,000 shares of Life360 stock. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00.

Life360 Stock Up 6.7 %

NASDAQ LIF opened at $49.45 on Thursday. Life360, Inc. has a one year low of $26.00 and a one year high of $49.50. The stock has a 50-day simple moving average of $42.78.

Institutional Trading of Life360

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in shares of Life360 during the 3rd quarter valued at $4,689,000. Barclays PLC purchased a new position in Life360 in the third quarter worth about $320,000. First Dallas Securities Inc. bought a new stake in shares of Life360 during the 3rd quarter valued at about $273,000. Geode Capital Management LLC bought a new stake in shares of Life360 during the 3rd quarter valued at about $5,134,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Life360 during the 3rd quarter valued at about $1,653,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JMP Securities boosted their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Loop Capital boosted their target price on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group assumed coverage on Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 price target for the company. Stifel Nicolaus upped their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group raised their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $44.75.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.